4501 S Atlantic Ave APT 121New Smyrna BeachFL32169
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in New Smyrna Beach at 4501 S Atlantic Ave APT 121, New Smyrna Beach, FL, 32169 generates $4,117/mo in rent, after a $3,402/mo payment. Total monthly income is $4,117/mo. Return on cash invested sits at 17.46% in year one, and rental yield is 7.11% on a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 90.27% and total cumulative return in cash sums $206,406. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,117/mo property income rather than buyer’s personal income.
Condo
Built in 1974
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32169, New Smyrna Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,709 (100%) |
| Owner Occupied HU | 4,846 (41.4%) |
| Renter Occupied HU | 910 ( 7.8%) |
| Vacant Housing Units | 5,953 (50.8%) |
| Median Home Value | $580,722 |
| Average Home Value | $661,502 |
Housing Distribution
Address Breakdown
Residential
10,598
Single Family
5,389
Multi-Family
5,209
Businesses
383
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Margie Lints • Magnolia Properties
Mls Name: DBAMLS
Mls ID: #1221560